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to reduce our deficits without harming our economy. but congress has to act in order for that to happen. now for two years i've offered a balanced approach to deficit reduction that would prevent these harmful cuts. i outlined it again last week at the state of the union. i am willing to cut more spending that we don't need, get rid of programs that aren't working, i've laid out specific reforms to our entitlement programs that can achieve the same amount of healthcare savings by the beginning of the next decade as the reforms that were proposed by the bipartisan simpson-bowles commission. i'm willing to save hundreds of billions of dollars by enacting comprehensive tax reform that gets rid of tax loopholes and deductions for the well off and well connected, without raising tax rates. i believe such a balanced approach that combines tax reform with some additional spending reforms, done in a smart, thoughtful way, is the best way to finish the job of deficit reduction, and avoid these cuts once and for all that could hurt our economy,
to reduce our deficits without harming our economy. but congress has to act in order for that to happen. now for two years i've offered a balanced approach to deficit reduction that would prevent these harmful cuts. i outlined it again last week at the state of the union. i am willing to cut more spending that we don't need, get rid of programs that aren't working, i've laid out specific reforms to our entitlement programs that can achieve the same amount of healthcare savings by the beginning...
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and our economy in general. another big story that we are watching is oscar pistorius sticking to his story in court today claiming he shot his girl friend in the middle of the night by accident. a live report, next. >> announcer: meet mary. she loves to shop online with her debit card, and so does bill, an identity thief who stole mary's identity, took over her bank accounts and stole her hard-earned money. now meet jack. after 40 years, he finally saved enough to enjoy retirement. angie, the waitress at jack's favorite diner, is also enjoying his retirement. with just a little information, she's opened up a credit line, draining the equity in jack's home. unfortunately, millions of americans just like you learn all it may take is a little misplaced information to wreak havoc on your life. this is identity theft, and no one helps stop it better than lifelock. see, ordinary credit monitoring services tell you after your identity has been stolen. they may take 30 days to alert you-- too late for jack. lifelock ha
and our economy in general. another big story that we are watching is oscar pistorius sticking to his story in court today claiming he shot his girl friend in the middle of the night by accident. a live report, next. >> announcer: meet mary. she loves to shop online with her debit card, and so does bill, an identity thief who stole mary's identity, took over her bank accounts and stole her hard-earned money. now meet jack. after 40 years, he finally saved enough to enjoy retirement....
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he'll keep playing golf. >> sean: you know, penny lee, the economy contracted in the last quarter. we have one more quarter like that we're officially in recession, we've got higher unemployment than when he took office. 8 1/2 million americans in the labor force and 50 million on food stamps. don't you think you think there's an imbalance. >> sean, that's simply not true. when he had taken office and-- >> did you take a three week vacation over christmas. and mine was disrupted because of the fiscal cliff, i was happy. did you take a trip to hawaii. >> i went to see my mother. >> sean: who has vacations like this. >> there's a travelling white house and can address these things as best as they can, but he also-- >> with tiger on the golf course. >> and beholden what they can do in congress, a congress that recesses and also not-- >> you're not going to blame congress for his vacation schedule? >> and sean-- >> sean, as you know, george bush, ronald reagan and bill clinton-- >> 20 million dollars in trips to mooi hi in one term. >> that was where his home is. >> sean: 20 million do
he'll keep playing golf. >> sean: you know, penny lee, the economy contracted in the last quarter. we have one more quarter like that we're officially in recession, we've got higher unemployment than when he took office. 8 1/2 million americans in the labor force and 50 million on food stamps. don't you think you think there's an imbalance. >> sean, that's simply not true. when he had taken office and-- >> did you take a three week vacation over christmas. and mine was...
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what about the fact that the economy is doing very well, right? doing pretty darn good and a stock market at almost an all-time high and maybe moving up and spending money on higher end goods. in 2008 when the market-- >> as a nonfox business person can i say look if the economy is doing well, a stock market doing well. and negative growth in the fourth quarter. people look at their wealth and open the 401(k) people and see how. >> megyn: rich people. >> everyone has a 401(k). i think it's how they are doing mentally and retail hitti why? >> because they're in the stock market and the way that normal people live. >> what matt is talking about, what ben bernanke is calling the wealth effect and you feel wealthier and i don't think it's working, in fact, one of the real things, we're watching tv and hit me as all of the these commercials come on. everything was zero. the cars, zero down. zero interest, zero payments. the furniture store, zero interest, zero down payment and we're living in a zero, zero world. >> megyn: and might buy a mortgage at th
what about the fact that the economy is doing very well, right? doing pretty darn good and a stock market at almost an all-time high and maybe moving up and spending money on higher end goods. in 2008 when the market-- >> as a nonfox business person can i say look if the economy is doing well, a stock market doing well. and negative growth in the fourth quarter. people look at their wealth and open the 401(k) people and see how. >> megyn: rich people. >> everyone has a 401(k)....
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coming up a florida college professor may learn how bad the economy really is after forcing the students to promise to vote for obama. plus mindy mccready's ex tells how her tragic death could have been avoided. after 1945 u.s. marines invade. >> welcome back to fox and friends first. it is now half past the hour a fox news abelert to bring you ts morning. live video of oscar piss tor pi ry. >> this is what i can tell you looking grim and solemn the judge charging oscar with a pre-meditated murder of his model girlfriend on valentine's day. he sobd uncontrollably in the courtroom as they describe yhow he killed reeva steenkamp. he attached his pros threatic leg before killing steenkamp. she was struck three times in the bathroom. this is video of reeva steenkamp's parents carrying her casket out. it was an emotional and private ceremony today. steenkamp's brother says his family will be remembering his sister for all of the goodness he stood for. >> there is a which ae are goin post the things we remember about my sister and try to continue with the things she tried to make better. >> tw
coming up a florida college professor may learn how bad the economy really is after forcing the students to promise to vote for obama. plus mindy mccready's ex tells how her tragic death could have been avoided. after 1945 u.s. marines invade. >> welcome back to fox and friends first. it is now half past the hour a fox news abelert to bring you ts morning. live video of oscar piss tor pi ry. >> this is what i can tell you looking grim and solemn the judge charging oscar with a...
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to reduce the deficits without harming our economy. but congress has to act. >> republican leaders say they haven't been contacted by the president since the inaugural. >> the republicans had plans to avoid sequester and at the time the president responded threatening a veto. >> some in congress trying to undo the automatic spending cuts. my message is simple. no. i will veto any effort to get rid of the automatic spending cuts, domestic spending. >> spokesman jay carney said the problem is the republicans wanted a plan that would not balance with spending cut an tax increases. >> we do not support undoing the sequester in a way that says you know what? we will throw double the number of kids out of head start and make tunnel the cuts to education. >> speaspeaker john boehner fird back saying last month the president got the higher taxes on the wealthy and is back for more. the american people understand revenue debate is closed. close the loophole and carve out attack code but it should be used to lower rate across the board. enter th
to reduce the deficits without harming our economy. but congress has to act. >> republican leaders say they haven't been contacted by the president since the inaugural. >> the republicans had plans to avoid sequester and at the time the president responded threatening a veto. >> some in congress trying to undo the automatic spending cuts. my message is simple. no. i will veto any effort to get rid of the automatic spending cuts, domestic spending. >> spokesman jay carney...
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without him on the scene, the cuban economy could be in trouble. >> shep: the sky may not be falling but pieces of it have been raining down all over the planet the latest the meteor that shot through the skies over florida. >> i saw a red fireball with a green tail for seven or eight seconds and dissipate in the atmosphere. >> shep: another meteor blasted through the skies around san francisco. the asteroid that came close to the earth, had it hit a city it could have killed a millions of people and a meteor exploded over russia that unleashed a blasted more than 30 times stronger than hiroshima bomb. folks exploring a lake said they found fragments. meteor although police are warning would be buyers should watch for fraud. nasa experts say about hundred tons of space debris hit the earth every day but most of the objects are tiny specks. >>> you can take everything you knew about the moon and forget it. scientists have made a stunning discovery. they analyzed monday rocks that the apollo astronauts retrieved and they said the moon had more water than scientists first realized. that
without him on the scene, the cuban economy could be in trouble. >> shep: the sky may not be falling but pieces of it have been raining down all over the planet the latest the meteor that shot through the skies over florida. >> i saw a red fireball with a green tail for seven or eight seconds and dissipate in the atmosphere. >> shep: another meteor blasted through the skies around san francisco. the asteroid that came close to the earth, had it hit a city it could have killed...
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something else harming economy, cyber attacks. security, perts point the finger at china. we look at the evidence and talk with someone who spent years with the agency. ted cruz is getting attention. the freshman republican is accused of mccarthyism of the interrogation of chuck hagel. is this the early stages of cruz derangen't syndrome? we look at the fine print of deal to send pred over the drones to the uae. it starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> kimberly: you won't believe at columbia university yesterday. students showed up for quantum mechanics class. but instead they got a trip show. it wasn't pretty. if .the physics professor took t off. >> to learn quantum mechanics. strip to your raw, erase all garbage from your brain and start over again. >> kimberly: well, he later curled in a fetal position while footage of hitler, saddam hussein and others were on the screen behind him. the bizarre stunt included ninjas and stuffed animals of course. it was executive produced by greg gutfeld. >> dana: sounds a weird thin
something else harming economy, cyber attacks. security, perts point the finger at china. we look at the evidence and talk with someone who spent years with the agency. ted cruz is getting attention. the freshman republican is accused of mccarthyism of the interrogation of chuck hagel. is this the early stages of cruz derangen't syndrome? we look at the fine print of deal to send pred over the drones to the uae. it starts at 6:00 eastern. now back to new york and my colleagues with "the...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his tendency to use all caps in emails. [ shouting ] oh i'm sorry guys. ah sometimes the caps lock gets stuck on my keyboard. hey do you wanna get a drink later? [ male announcer ] hold packages at any fedex office location. >>. >> bill: bernie segment there was shootout between david gregory and senator john mccain. subject the libyan chaos. >> we have had a massive cover-up. >> susan rice said.
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often...
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they could bring the economy to its knees. >> exactly. it's pretty funny that the president, time and again, has said, well, we don't fear china's peaceful rise. i mean, china, of course is going to appear -- it's just looking out for china's best interest. when you're as rich as china is today, there is a lot of things you can do beyond just buying real estate in the big apple. >> gretchen: the question that is begged to be asked f china is doing this through their military, is it a good time for us to be cutting back then on our military spending to try and fight off things like this? >> well, no. it's not. and it's another reason why it would be best if all parties, all political parties and all political figures were in town actually gotting the job of putting this economy back together done. i mean, glad everyone is taking breaks and on vacation, but i mean, we got a real problem on our hands. we have several crises about to hit this country all at one time. we have things like the tuition debt bomb with all these kids with student l
they could bring the economy to its knees. >> exactly. it's pretty funny that the president, time and again, has said, well, we don't fear china's peaceful rise. i mean, china, of course is going to appear -- it's just looking out for china's best interest. when you're as rich as china is today, there is a lot of things you can do beyond just buying real estate in the big apple. >> gretchen: the question that is begged to be asked f china is doing this through their military, is it...
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. the unemployment rate might tick up again. >> reporter: mr. obama wants a combination of tax revenue and spending cuts, but republicans say any new tax revenue should be used to lower overall rates for everyone, shepherd. >> the simpson-bowles commission with a new plan. what's the reaction to that. >> reporter: the white house loves that the plan calls for new tax revenue, but officials not showing much enthusiasm for the much deeper cuts in health care spending that the president wants. former white house chief of staffer bowles and simpson, a republican from wisconsin, say -- wisconsin wisconsin were close to a deal. their legacy is on the line. >> i don't know when it will happen, but it will happen in these four years or he has no legacy at all. if he can't cut the mustard with solvency of social security under honest appraisals of the trustees and
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. the unemployment rate might tick up again. >> reporter: mr. obama wants a combination of tax revenue and spending cuts, but republicans say any new tax revenue should be used to lower overall rates for everyone, shepherd. >> the simpson-bowles commission with a new plan. what's the reaction to that. >> reporter: the...
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a lot are because we have a bad economy. >> if you want free stuff you go to work. you don't come here. the "wall street journal" said low income i'm tbrapts -- immigrants are less likely to receive public benefits than low income natives. >> i agree with you. i don't understand this. >> jim, do you understand this? >> i certainly don't, but things are getting heated here. >> i know. >> i love that businesses are now supposed to know the immigration status. but businesses always know. if you pick up your employees in front of a home depot in your pick up truck they are here illegally. if you are paying $3 an hour they are not here legally. >> to be here you have to be sponsored by a business if you are getting a work visa. to get a green card it is extra. >> if you are here illegally. >> they know your status because they are picking you up -- a lot of workers in l.a. especially will stand outside of these home depots and get picked up and do day labor. the cops know they are there and immigration knows they are there. >> they think they are doing day labor when i p
a lot are because we have a bad economy. >> if you want free stuff you go to work. you don't come here. the "wall street journal" said low income i'm tbrapts -- immigrants are less likely to receive public benefits than low income natives. >> i agree with you. i don't understand this. >> jim, do you understand this? >> i certainly don't, but things are getting heated here. >> i know. >> i love that businesses are now supposed to know the immigration...
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. >> bill: look if the economy continues to be bad you will have a viable candidate in 2016. whether it's rubio or or christie i don't know. >> the republicans are the ones we need to be more rod mod rat. are you kidding me? stop spending our money that we're working hard for. stop putting us in debt. that is pretty moderate idea. >> bill: i think it's all about leadership. now, as you know we broke a big story last week about the department of agriculture hiring a guy from massachusetts to be politically correct. roll the tape. >> i want to say the pilgrims were illegal aliens. pilgrims never gave their passport to the indians. by the way, i don't like the word minority. how about american majority. [ laughter ] >> how about people? i mean, look at what this government is doing. this government under barack obama is hiring people to teach people how to be racist. this is the most incredible thing. we've seen a lot of incredible stuff from our government. usually it's something like maxine waters, you know what this libya is going to do, we're going to socialize your oil comp
. >> bill: look if the economy continues to be bad you will have a viable candidate in 2016. whether it's rubio or or christie i don't know. >> the republicans are the ones we need to be more rod mod rat. are you kidding me? stop spending our money that we're working hard for. stop putting us in debt. that is pretty moderate idea. >> bill: i think it's all about leadership. now, as you know we broke a big story last week about the department of agriculture hiring a guy from...
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when the economy is good, demand goes up. that is the reality of the .lobal economy we live thin manipulating trade is not going to have a good effect. guest: we do need to focus on efficiency. one thing that's so important is it will shoulder american -- shelter american families from volatility. host: howard in california. caller: good morning. host: thank you 4 waiting. caller: mr. edwards brings to point exactly the difference between capitalism and social democratic attitudes. caller after caller on the democratic line. "let's make ourselves economically sufficient and efficient in fuel to power our nation." it is amazing that people cannot get their arms around the fact we live in a capitalistic country that has created this country with free markets. i still have my shovel in my garage for my shovel-ready jobs. tell me how we will fix it with more government spending? host: jennifer erickson? guest: it is interesting to hear people's take on the current president. this president is a huge promoter of the private sector
when the economy is good, demand goes up. that is the reality of the .lobal economy we live thin manipulating trade is not going to have a good effect. guest: we do need to focus on efficiency. one thing that's so important is it will shoulder american -- shelter american families from volatility. host: howard in california. caller: good morning. host: thank you 4 waiting. caller: mr. edwards brings to point exactly the difference between capitalism and social democratic attitudes. caller after...
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. people will lose their jobs. the unemployment rate might take up again. and that is why democrats, republicans, business leaders, and economists, they have already said that these cuts, known here in washington as sequestraion are a bad idea and not how we should run our government. here is the thing. they don't have to happen. there is a smarter way to do this. to reduce our deficits without harming our economy. but congress has to act. in order to for that to happen. for years, i've offered a balanced approach to deficit reduction that would prevent these harmful cuts. i outlined it again last week at the state of the union. i am willing to cut more spending that we don't need. get rid of programs that aren't working. i've laid out specific reforms to our entitlement programs. they can achieve the same amount of health care savings by the beginning of the next decade as the reforms that were proposed by the
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. people will lose their jobs. the unemployment rate might take up again. and that is why democrats, republicans, business leaders, and economists, they have already said that these cuts, known here in washington as sequestraion are a bad idea and not how we should run our government. here is the thing. they don't have to happen. there is a smarter way to do this. to reduce our deficits without...
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because they were so-called developed economies. and so what i thought i would do here is just run through some of the lessons that we learned there that i think, you unfortunately, should have been looked at by the europeans. and they're only now starting to realize that they could have cut down this present negative situation because, let's face it, europe as a whole with a few exceptions is in either recession or stagnation. first, each country is unique and a cookie cutter approach does not work. this is something they didn't want to see. obviously, greece got into a situation by longtime mismanagement on the fiscal side, dragged the banks in. in the case of ireland, it was the banks that dragged sovereign in, much different i. wilbur is an expert on that. in the case of portugal, and we have some portuguese in the audience here, it was basically a decade of no growth in portugal. in the case of spain, it was a bubble in real estate that was financed by mainly the savings and loan institutions, some of which have gone under, a n
because they were so-called developed economies. and so what i thought i would do here is just run through some of the lessons that we learned there that i think, you unfortunately, should have been looked at by the europeans. and they're only now starting to realize that they could have cut down this present negative situation because, let's face it, europe as a whole with a few exceptions is in either recession or stagnation. first, each country is unique and a cookie cutter approach does not...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. to find you a great deal, even if it's not with us. [ ding ] oh, that's helpful! well, our company does that, too. actually, we invented that. it's like a sauna in here. helping you save, even if it's not with us -- now, that's progressive! call or click today. no mas pantalones! woman: what do you mea
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two...
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analysts say it signals faith in the economy. still to come, the hunt for the hot idea. why venture capitalists are ramping up the search for the next big thing. that's later. but first, why farmers are bracing for higher expenses in 2013. that's next with bill moller. some quiet but very important changes are taking place down on the farm these days. they're prompted by the sky-high land prices that we have seen for the past few years, but also by new technologies and greater efficiencies. these changes are outlined in a report from the federal reserve bank of chicago. david oppedahl is the business economist who compiled the data. why don't you first talk, david, in general terms about these changes and trends? > > agriculture is seeing a lot of activity in the last few years as some of the commodity prices have gone up a lot and you see corn and soybean growing in terms of the ability to grow, but then also as the prices have been higher, the yields are higher in general, but then this last year was a drought year, so that kind of set some momentum back. but overall,
analysts say it signals faith in the economy. still to come, the hunt for the hot idea. why venture capitalists are ramping up the search for the next big thing. that's later. but first, why farmers are bracing for higher expenses in 2013. that's next with bill moller. some quiet but very important changes are taking place down on the farm these days. they're prompted by the sky-high land prices that we have seen for the past few years, but also by new technologies and greater efficiencies....
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. people will lose their jobs. the unemployment rate might tick up again. and that's why democrats, republicans, business leaders, and economists, they've already said that these cuts, known here in washington as sequestration, are a bad idea. they are not good for our economy. they are not how we should run our government. and here's the thing, they don't have to happen. there's a smarter way to do this, to reduce our deficits, without harming our economy, but congress has to act in order for that to happen. now, for two years, i've offered a balanced approach to deficit reduction that would prevent these harmful cuts. i outlined it again last week at the state of the union. i am willing to cut more spending that we don't need. get rid of programs that aren't working. i've laid out specific reforms that -- reforms to our entitlement programs that can achieve the same amount of healthcare savings by the beginnin
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. people will lose their jobs. the unemployment rate might tick up again. and that's why democrats, republicans, business leaders, and economists, they've already said that these cuts, known here in washington as sequestration, are a bad idea. they are not good for our economy. they are not how we should run our government. and here's the thing, they don't have to happen. there's a smarter way...
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it will have a very negative effect on the economy. if you're running a business and you have to fly salespeople or engineers around the country, you're going to discover with 4,000 fewer air traffic controllers, that plane may not get there. all across the economy, this is going to be a terrible problem because this is government spending, ed, that allows the private sector to prosper and to grow. it's commonwealth spending for common good. >> is there any way to suggest that the stimulus did not help pull us out of a recession? had we not done it, where would we be? >> had we not done it we would be in a terrible disaster. we lost trillions of dollars of wealth, and yet we didn't have rampant homelessness. why? because the stimulus included money to make sure that people who were going to lose their homes, especially with children, didn't end up on the streets. that is certainly not good. >> if we go down the road with the sequester, and the cuts kick in, i mean, are we going to go right back into a recession? and how fast would it h
it will have a very negative effect on the economy. if you're running a business and you have to fly salespeople or engineers around the country, you're going to discover with 4,000 fewer air traffic controllers, that plane may not get there. all across the economy, this is going to be a terrible problem because this is government spending, ed, that allows the private sector to prosper and to grow. it's commonwealth spending for common good. >> is there any way to suggest that the...
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ignore this world economy, great conversation, thank you so much. our one and only floor, under the weather, hmos like humana and united health with a great deal of exposure to medicare rates. here's why. rates could go down next year based on what's being said by the center for medicare and medicaid services. peter barnes followed the story from washington. isn't that what people want? rates to go down? >> well, not if you're investing in health insurance stocks; right, liz? health insurance companies, and the industry plans to fight back on some proposedded cuts that would hit something called medicare advantage, the popular hmo version of method care, friday, the centers for medicare and medicaid services proposed a cut for 5% or more for insurance companies that offer medicare advantage, about a quarter of all seniors in medicare, about 15 million enrolledded in medicare advantage instead of regular medicare. now, for some seniors, medicare advantage can be a better deal with added benefits like vision care and dental, but patients have to stay
ignore this world economy, great conversation, thank you so much. our one and only floor, under the weather, hmos like humana and united health with a great deal of exposure to medicare rates. here's why. rates could go down next year based on what's being said by the center for medicare and medicaid services. peter barnes followed the story from washington. isn't that what people want? rates to go down? >> well, not if you're investing in health insurance stocks; right, liz? health...
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it is a self-inflicted wound on the economy. there are ample ways to do this that democrats have put forward legislation that would postpone the sequester until the end of the year in a balanced way. we have done this before a few months ago. republicans supported it then. there is no reason why we cannot do it again to allow congress the time to work on the regular led to torry -- legislative process. >> but it is a question of why the staff is not in communication with the top republicans in the senate on the issue. >> we are in regular communication on a variety of topics. i do not have any calls or communications to read out, but this is not complicated. the broader issue of further deficit reduction in a balanced way will require time. that is why it is important that congress moves forward with a temporary postponement of the sequester. the consequences of not doing that would be catastrophic. >> should the sequester take effect, i know the president and the government have outlined some severe consequences, good the econo
it is a self-inflicted wound on the economy. there are ample ways to do this that democrats have put forward legislation that would postpone the sequester until the end of the year in a balanced way. we have done this before a few months ago. republicans supported it then. there is no reason why we cannot do it again to allow congress the time to work on the regular led to torry -- legislative process. >> but it is a question of why the staff is not in communication with the top...
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Feb 19, 2013
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they invest in the economy. they pay taxes. we talk about them as if they're this group of people who come down from another planet every once in a while and spend time. i like the business community for a singular reason. they employ people. they're small business people. they're big business people. there are those that do things we don't like, and there many, many we do things that we do like. it's calculated on the part of what andrew said, to andrew's point that the sequester will probably take effect, and they're counting on between march 1st and march 27th the pain that we all anticipate being so great that it will force congress to do their job. i don't blame the business community for factoring in, trying to protect and trying to insure that they can do business going forward. the markets suggest that they have adjusted in many ways. do i detest them for doing that? by no means. what i'm most upset with is washington. if you are a pedestrian watching, this is the same conversation that took place on election day to dec
they invest in the economy. they pay taxes. we talk about them as if they're this group of people who come down from another planet every once in a while and spend time. i like the business community for a singular reason. they employ people. they're small business people. they're big business people. there are those that do things we don't like, and there many, many we do things that we do like. it's calculated on the part of what andrew said, to andrew's point that the sequester will probably...
our economy is still in our economy is still in recovery.
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Feb 19, 2013
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economy. >> i do disagree. not it bring up a cold blanket, we have had unsig unseason abilm winters last few years, we're evening out a little bit, put it in perspective. neil: like 500 degrees below zero in new york today. >> my friends in texas tell me it was 80. neil: that is where it should be 80 degrees. >> let's not have a hissy fit. neil: i suspect what is going on, scott, will represent more than a hissy fit. for example, a lot of people in the population centric cities start pulling back a little bit. >> like new york and chicago, the number that monica through out for national average is correct, but i don't see those numbers, major population centers are 50-cents higher that is why a lot of your -- that is where a lot of your spending, is that hurts, wage growth is nonicitiononexistence. neil: let's go with nature rally spike a bit too long in the tooth or with cold weather, run-up, it might come down once trading resumes. so things do stabilize, problem get tgoes by the way side? >
economy. >> i do disagree. not it bring up a cold blanket, we have had unsig unseason abilm winters last few years, we're evening out a little bit, put it in perspective. neil: like 500 degrees below zero in new york today. >> my friends in texas tell me it was 80. neil: that is where it should be 80 degrees. >> let's not have a hissy fit. neil: i suspect what is going on, scott, will represent more than a hissy fit. for example, a lot of people in the population centric...
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they are struggling to get its economy growing the u.k. is now knocking on india's trade doors prime minister david cameron is in the british former colony urging it to open up more investment in the u.k. delegation includes business leaders from more than one hundred companies several ministers and m.p.'s once said to be the biggest ever team taken abroad by prime minister cameron claimed india and britain were on track to double trade between them by twenty fifteen now he wants the u.k. to become a new delhi's partner of choice and best has been craving for india to free up regulations for years last week french president francois hollande was also innings yet to come out to deal the story and he says it in faces challenges in winning over new day that's why. the size of the delegation certainly show the aggressive nature of far right mr cameron's drive to seek trade abroad right now prime minister cameron is not the best friend all the rest of the specially france and germany so i think the interests of the two countries france and brit
they are struggling to get its economy growing the u.k. is now knocking on india's trade doors prime minister david cameron is in the british former colony urging it to open up more investment in the u.k. delegation includes business leaders from more than one hundred companies several ministers and m.p.'s once said to be the biggest ever team taken abroad by prime minister cameron claimed india and britain were on track to double trade between them by twenty fifteen now he wants the u.k. to...
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that's halting together economy. when you look at the numbers, you're right, as rand paul says, a pittance in the overall big bucket that we're overspending, or spending more than we're taking in every day. but the point is, this is no way to run a country. this is no way to run a business or a country. you don't just lop off 9%. you do it priorities, consensus, with an eye to investing in the future. don't hurt jobs. this is who the knot what congress is doing. what they are doing is foregoing the day to day budget operations that they're supposed to be doing and doing brinksmanship every three months and that's not good for running a country and grow an economy. >> you're right. and as the president said at the top of the speech at the old executive office building, now the eisenhower executive office building, when they came up with the idea in 2011 of the forced mandatory spending kus, it was so unattractive, those were his words, it would force republicans and democrats and the white house to come up with a soli
that's halting together economy. when you look at the numbers, you're right, as rand paul says, a pittance in the overall big bucket that we're overspending, or spending more than we're taking in every day. but the point is, this is no way to run a country. this is no way to run a business or a country. you don't just lop off 9%. you do it priorities, consensus, with an eye to investing in the future. don't hurt jobs. this is who the knot what congress is doing. what they are doing is foregoing...
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Feb 19, 2013
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dennis: you the economy. you talk about a path to prosperity with four keys to getting through washington. tell us about it. >> the first is the fed continues to be very accommodating. that will last through the year. will it be a different situation a year from now? we also have a housing recovery that is sustainable and has been very gradual which means i think it should have a long duration. the energy story in the u.s. is not over. i think it is just beginning to blossom and that is going to help the energy sector and a variety of other sectors including manufacturing because we are the low-cost producers and that is going to be part of the story as to why u.s. manufacturing is on the rebound. both cyclically land on a secular basis. dennis: thank you very much. neither one of you have convinced me to sell. thanks,. cheryy: health care provider stocks have taken a big hit following a new report out of a government agency proposing lowering medicare rates next year. dennis: peter barnes joins us from the b
dennis: you the economy. you talk about a path to prosperity with four keys to getting through washington. tell us about it. >> the first is the fed continues to be very accommodating. that will last through the year. will it be a different situation a year from now? we also have a housing recovery that is sustainable and has been very gradual which means i think it should have a long duration. the energy story in the u.s. is not over. i think it is just beginning to blossom and that is...
WHUT (Howard University Television)
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italy has the third largest economy in the eurozone. what happens here matters inside and outside the country. >> testing the mood and temperature on the tuscan coast. you may have noticed that the universe is moving faster than expected and scientists are struggling to explain why the galaxies are rotating at these speeds and planets are flying apart more quickly than they should. a team from america is going to use the hubble has -- hubble telescope to investigate what is called dark energy. our science correspondent explains. >> the world around us is made of atoms. they link up to form the buildings that we see, the water that flows, and all life on the planet. scientists have discovered something else out there that makes up most of the universe, a force that was present at the beginning of time. the current theory of physics suggests that the expansion of the universe slow down after the big bang and would then contract. instead with seems to be happening is that galaxies seem to be flying apart faster than ever before. scientists
italy has the third largest economy in the eurozone. what happens here matters inside and outside the country. >> testing the mood and temperature on the tuscan coast. you may have noticed that the universe is moving faster than expected and scientists are struggling to explain why the galaxies are rotating at these speeds and planets are flying apart more quickly than they should. a team from america is going to use the hubble has -- hubble telescope to investigate what is called dark...
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. >> the outlook is brightening for europe's biggest economy. investor sentiment in germany has surged to a three-year high. >> the index is one of the most closely watched investor confidence surveys. it pulls germany's top 300 financial analysts and is being taken as another sign that the german economy could rebound quickly from a sharp slowdown at the end of last year. on today's market action. german blue chips rallied tuesday to lock in solid gains for the second day running. all correspondence sent us this summary of the trading session in frankfurt. >> for the first time in weeks, traders had a reason to be happy again. stronger than expected zew investor sentiment was even welcomed with applause. after the heavy growth decline in winter, the data indicate a strong comeback of the german economy, driving up the european markets, but the euro was lagging behind because currency traders are already worried ahead of the election, which will take place on sunday. there was high demand for cars shares despite the record low of overall europea
. >> the outlook is brightening for europe's biggest economy. investor sentiment in germany has surged to a three-year high. >> the index is one of the most closely watched investor confidence surveys. it pulls germany's top 300 financial analysts and is being taken as another sign that the german economy could rebound quickly from a sharp slowdown at the end of last year. on today's market action. german blue chips rallied tuesday to lock in solid gains for the second day running....
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just today he warned the cuts are like taking a meat cleaver to the economy. listen to what he said. >> so these cuts are not smart, they are not fair, they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an be a instruction. people will lose their jobs -- abstraction. sandra: critics say the president is resorting pure threats and our next guest agrees. economist peter morici managed part of the federal budget and knows first-hand,000 this gets done. welcome back to the show, peter. >> nice to be with you. sandra: you wrote an article today, very controversial article, saying president obama is blackmailing taxpayers. explain. >> well, he simply singling out things that frighten taxpayers. long lines at airports. absence of meat inspectors and so forth. take meat inspectors. we can keep all the meat inspectors on the job and cut the department of agriculture by 10%. the department of agriculture has the largest cadre of research economists in the world. i think the world could use fewer economists
just today he warned the cuts are like taking a meat cleaver to the economy. listen to what he said. >> so these cuts are not smart, they are not fair, they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an be a instruction. people will lose their jobs -- abstraction. sandra: critics say the president is resorting pure threats and our next guest agrees. economist peter morici managed part of the federal budget and knows...
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was really happening to the global economy with mike's concert the no holds barred look at the global financial headlines tune into cars a report. welcome to the kaiser report i'm max kaiser the tide is going out the trends are reversed saying this shifting all signs that the four horsemen of the apocalypse are riding into town and when they arrive all that you thought you knew to be true will in fact be false house prices always rise false bond. are safe investments false gold is money false your toilet will flush when you push the handle that's completely false all things were true or false when the bond apocalypse arrives stacey max for decades we've lived in a world where bond prices have been rising and commodity prices were declining however as the crisis hit the crisis hit once it started to reverse and we see in all of our headlines today. the fundamental nature of all the world around us is changing due to these reverse in trends of prices. swiper take twilit as u.s. homes with plumbing ebb amid the worst recession since the great depression pilfering cut the number of u.s. h
was really happening to the global economy with mike's concert the no holds barred look at the global financial headlines tune into cars a report. welcome to the kaiser report i'm max kaiser the tide is going out the trends are reversed saying this shifting all signs that the four horsemen of the apocalypse are riding into town and when they arrive all that you thought you knew to be true will in fact be false house prices always rise false bond. are safe investments false gold is money false...
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it's a remarkable place. $1.9 trillion a year economy. the nation's largest. it's an essential part of the future and fate of this country. i'm a big believer in california's values and the people that make up the great state and i do not subscribe to this notion that the best days of california are behind us. >> stephen: can i say something? >> yes, sir. >> stephen: you are a very handsome man. gavin -- >> great to see you,k]czvzk]qyct
it's a remarkable place. $1.9 trillion a year economy. the nation's largest. it's an essential part of the future and fate of this country. i'm a big believer in california's values and the people that make up the great state and i do not subscribe to this notion that the best days of california are behind us. >> stephen: can i say something? >> yes, sir. >> stephen: you are a very handsome man. gavin -- >> great to see you,k]czvzk]qyct
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>> it's difficult to say whether this nation's economy is suffering because of the absence of chavez, but certainly, it is suffering. i remember the local currency has been devalued by a third and i was speaking to plenty of people who couldn't find rice, butter and flour. there are food shortages and the economy is suffering, whether it is a direct result of chavez, it's difficult to say. but the opposition party and they want -- >> people want to see whether he is fit. we don't know if he is going to make an appearance here. >> that is the scene in caracas. u.n. investigators have found new evidence of war crimes in syria and urging the u.n. security council to allow the international criminal court to investigate. they say both sides in the conflict are guilty of rape, murder and torture and identified seven massacres. they have identified several leaders who ordered the killings. identification is done because both sides are guilty of crimes and we identify on both sides suspects. >> let's hear from beirut. >> they want the international communities to act to bring those responsib
>> it's difficult to say whether this nation's economy is suffering because of the absence of chavez, but certainly, it is suffering. i remember the local currency has been devalued by a third and i was speaking to plenty of people who couldn't find rice, butter and flour. there are food shortages and the economy is suffering, whether it is a direct result of chavez, it's difficult to say. but the opposition party and they want -- >> people want to see whether he is fit. we don't...
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economy in particular, it's the service sector. manufacturing is a sentinel part of our economy that gives us guidance down the road. what do i see when i look at those type of numbers globally? i see auto sales in europe down to 23-year lows. i see the good things in the economy are what businesses are doing to some extent. maybe private equity, maybe lbos, but at the epicenter of this are clean corporate balance sheets. certainly they've gotten clean. they've had the liquidity to scrub a dub dub all they want. what are we going to look for down the road in the future? i see things like t tea party express moving across the country and you don't read about them much in the media because they know the media is not going to give them gat coverage. they've go the gone statewide, states, gornors, that's the road they've taken. they might not be in themedia, but look at some of tse mor sconrviv statend inabt il lebu, dvi across country in a vehicle with a 7,500 tax credit making phone calls to see if it's too cold, make sure he can hit
economy in particular, it's the service sector. manufacturing is a sentinel part of our economy that gives us guidance down the road. what do i see when i look at those type of numbers globally? i see auto sales in europe down to 23-year lows. i see the good things in the economy are what businesses are doing to some extent. maybe private equity, maybe lbos, but at the epicenter of this are clean corporate balance sheets. certainly they've gotten clean. they've had the liquidity to scrub a dub...
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economy right now is refined petroleum products. business is booming for the gulf coast refineries but it is increasing energy prices for americans because the more we export, that dilutes the supplies here at end up having upward pressure on prices. second of all, the product of the keystone pipeline is destined for export, how does that improve u.s. national security? it doesn't. particularly you look at the increased levels of chinese national government investment in production, by 2020 under the direct control of the chinese government will be under the control of nearly a million barrels of production every day. sandra: rick, i want you to get in and respond to this. >> i think those are exceptions, but based on what he said, let's take down a list. oil is going to go to houston, which will refine the level. some of it could be exported, most of it will be used here. it will take several years to build, five thousands and thousands of jobs positive for the economy, just in pennsylvania and north dakota alone. it is huge. obama
economy right now is refined petroleum products. business is booming for the gulf coast refineries but it is increasing energy prices for americans because the more we export, that dilutes the supplies here at end up having upward pressure on prices. second of all, the product of the keystone pipeline is destined for export, how does that improve u.s. national security? it doesn't. particularly you look at the increased levels of chinese national government investment in production, by 2020...
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this is to the because i can tell you exactly what the economy is going to do. we are not judges the beauty pageant. we're judging the judges. the judge will look at sequestration as a situation where none of the earnings for the second and third quarter can possibly be met in lurxury retail. >> they just showed a chart of it. >> it is an absurd rally. it's the best performing sector of the market last year by a long shot and quite frankly, i don't think that can withstand the headlines. >> are you short this sector? >> i'm not short the xly but i have no -- >> this judge wants to know what is going to bring optimism to a level where it matches the market move itself? you know what i have mean? >> i do, scott. if see's theses is holds true, if we break through that and we start threatening 1600 or above 1550 i think you start to see that optimism and with that a slight rise in interest rates. as steve liesman said, the one factor you're leaving out, housing. when people have jobs and getting better wage, the housing market has been pretty strong. there's no othe
this is to the because i can tell you exactly what the economy is going to do. we are not judges the beauty pageant. we're judging the judges. the judge will look at sequestration as a situation where none of the earnings for the second and third quarter can possibly be met in lurxury retail. >> they just showed a chart of it. >> it is an absurd rally. it's the best performing sector of the market last year by a long shot and quite frankly, i don't think that can withstand the...
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. >> your personal economy is made up of the things that matter most, including your career. as those things change, fidelity can help you adjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide array of choices that can figure personal economy. fidelity investments, turn here. >> at union bank, a relationship managers work hard to know your business. offering specialized solutions in capital to help give me your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news america." >> reporting from washington. oscar pistorius brick down in court. explaining he shot his girlfriend by mistake. one of the scene of the biggest diamond heist in history. sparking a hunt for the pricey jim. and the mystery of dark energy. could our physics textbooks and soon be due for right? -- soon be due for a rewrite? welcome to our viewers some public television in america and around the globe. another d
. >> your personal economy is made up of the things that matter most, including your career. as those things change, fidelity can help you adjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide array of choices that can figure personal economy. fidelity investments, turn here. >> at union bank, a relationship managers work hard to know your business. offering specialized solutions in...